Chinese-funded Morodok Techo Stadium 90% Complete

Construction of the US$160-million Chinese-funded Morodok Techo Stadium is now 90% complete and is expected to be finished in May this year. Mr Va Heng Davuth, Vice President of the 32nd SEA Games Committee told National Radio that the process has been going smoothly lately. “The main structure is already 100% completed. The remaining works are only the decoration and interior tasks,” said M...

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Gov’t Temporarily Opens Two More Underpasses at Chom Chao

The government has temporarily opened traffic at two more underpasses at the Chom Chao roundabout construction area to help ease traffic. The announcement was made by Prime Minister Samdech Hun Sen during the official opening ceremony of the Ministry of Public Works and Transport Headquarters on 22 January. (Read more) “In October, I opened one underpass there. Now, I will open two more. One...

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PM Hun Sen to Inaugurate New Land Ministry Headquarters in April

The new headquarters of the Ministry of Land Management, Urban Planning, and Construction in Sen Sok district will be officially opened under the presidency of Samdech Prime Minister Hun Sen on 04 April. The new office building is located in Anlong Kngan village of Sangkat Khmuonh, north of the Grand Phnom Penh Gate, which is a newly-developed area. The headquarters is being constructed on o...

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Chip Mong Land to Transform 120 hectares in Chroy Changva into Huge Residential Project

Chip Mong Land has officially launched its huge Parkland 6A residential project in Chroy Changva with a massive discount of up to 8%, and no-interest instalments for up to 18 months. Park Lane 6A is a luxurious residential development project spreading over 120 hectares along National Road 6A. Surrounded by two major rivers, the Tonle Sap and the Mekong, this project will become the most comfor...

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New MPWT Headquarters and Techo Sen Institute Officially Inaugurated

Prime Minister Samdech Hun Sen officially inaugurated the new Ministry of Public Works and Transport (MPWT) headquarters and Techo Sen Institute of Public Works and Transport on the morning of 22 January. Both buildings are located on Street 598 (St. HE Chea Sophara), Sangkat Chrang Chamres 2, Khan Russey Keo, Phnom Penh. The new location is a compound building consisting of the MPTW headqua...

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International Buyers See Value in Trend of Increasing Value of U.S. Homes

According to the latest figures, despite the worldwide COVID-19 pandemic, U.S. residential real estate prices continue the upward trajectory that has made America one of the top destinations for international home buyers. In fact, home values in the U.S. have steadily increased since the early 1980s, recording more than 300% growth over the past 40 years, even when considering the temporary downtu...

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Private firm mulls building an agro-industrial special economic zone in Kampong Speu

Khmer Holding Group is planning to build an agro-industrial special economic zone in Kampong Spue to serve as an agricultural products processing factory, storage, and assembling facility. During a meeting with the Ministry of Agriculture, Forestry and Fisheries (MAFF) on 20 January, the firm representative said that the beside this SEZ, his firm is also planning to invest in two other projects...

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Govt’ Mull Organizing New Street Food Zone in Sihanoukville

The Sihanouk provincial hall is planning to set up a new standardized street food zone in the province, of which the old theatre garden in Sangkat 2 might be chosen to be the spot. Speaking at the meeting on January 20, 2021, Sihanoukville Governor HE Kuoch Chamroeun said that this standardized street food service will be able to attract more tourists and also be a safe place for everyone to ea...

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NBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors

Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages 12.8% respectively. Meanwhile, as of the end 2020, the a...

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900-year-old Bridge in Siem Reap Under Renovation

The Ta Ong Bridge, a nearly 900-year-old ancient bridge in Siem Reap's Chi Kreng district, is now under renovation, and according to the Apsara Authority, construction is scheduled to be complete by June this year. Head of the Ta Ong Bridge Rehabilitation Project Puth Soth, said that the bridge is 70 metres long, and 13 metres wide, with 14 arches. “In the first phase, our tasks include repa...

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Russey Keo-Chroy Changva Concrete Bridge 36% Complete

Construction of the concrete bridge across the Tonle Sap River from National Road 5 in Russey Keo district to the Chroy Changvar Development Zone has been 36% completed, as of 20 January 2021, according to the Department of Public Works and Transport of Phnom Penh. This concrete bridge is being built parallel with the temporary iron bridge. After the completion of this concrete bridge, the iron...

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Expert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021

The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. "The first important factor is the strong financial institutions, which keep injecting loans and capital into this market. Despite the COVID-19 crisis...

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